This Act may be cited as the Main Street Parity Act.

(a) In general Section 502(3)(C) of the Small Business Investment Act of 1958 (15 U.S.C. 696(3)(C)U.S. Code — Title 15, Section 696(3)(C)View official source on GovInfo) is amended— (1) by striking clauses (ii) and (iii); (2) in clause (i), by inserting or at the end; and (3) by redesignating clause (iv) as clause (ii). (b) Conforming amendment Section 502(3)(B)(ii) of the Small Business Investment Act of 1958 (15 U.S.C. 696(3)(B)(ii)U.S. Code — Title 15, Section 696(3)(B)(ii)View official source on GovInfo) is amended by striking clauses (i), (ii), or (iii) of subparagraph (C) and inserting clause (i) of subparagraph (C).